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Problem 4.14. Suppose that zero interest rates with continuous compounding are as follows: Maturity years) 1 2 3 4 5 Rate(% per annum) 2.0 3.0

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Problem 4.14. Suppose that zero interest rates with continuous compounding are as follows: Maturity years) 1 2 3 4 5 Rate(% per annum) 2.0 3.0 3.7 4.2 4.5 Calculate forward interest rates for the second, third, fourth, and fifth years

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